London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
That article raises several concerns about how the Bolivian government are acting as they race to monetise their lithium assets. It concerns me moving forward. However, if the tech Next Chem X has is proven at substantial scale some of the problems can be mitigated. The political landscape and expertise within Bolivia still provide cause for concern. I hope they are turning a corner.
It will be around a month I expect until any significant share price increase.
I have fingers and toes crossed that you are right. Whatever way you look at it, the risk /reward at this price is extremely attractive.
Leggylad - I don't think CLON would've got passed to go to the next stage if the BOL authorities had concerns about the technology.
I'd say that it is very significant that the share options were given last week... at a point when we're expecting negotiations to start/take place on licences. For me, this is a very good signal - my guess is that they're very much still in the mix.
I asked DH about that report a couple of weeks ago, he said he wasnt phased by it and it wasnt unusual for a d and t company like nextchemx to have those sort of problems, if you read it through it also states that the technology is working and should easily be upscalable and they are already working on a pilot plant, Overall its all very positive . IMO
But don't you think that theyd only get something from Bolivia if they could prove the technology supplied is functional?
Haven't commented here for ages and, yes, the Next-Chem situation doesn't look as good as initially hoped for but the key here is whether CLON can get anything from the BOL authorities. I'm relatively optimistic that they will get something. If they do then financing will follow and the sp will rocket.
Sad, but true.
Sounds like an extract from a clon annual report!
Can anyone reassure me that we haven't strapped our saddle to the wrong horse?
I've just read the Next-chemX annual report and it's fairly bleak. No money, no production plant ready til q1 2025, high debt, no revenue, reliance on patience of shareholders and suppliers.
I've been in here about 2 years and hopeful the relationships in Bolivia can open doors, but Bolivia seem to want to move quicker than the boffins in Texas can comprehend.
Im resigned to more disappointment, because at least if there is anything good to come here I'll be happier.
I asked DH months ago if they had a contingency for Next-chemX not being the answer, he simply said "of course". But that could mean anything from "already got alternative suppliers" to "wind the company up".
Yes I agree. They will avoid those two countries as both are already making large footprints in lithium.
Not long to wait. May Clon take advantage and make up for decades of failure
No, their won't be any partnering with Russia or China, I believe all the ducks are now lined up including EU funding, its just a matter of waiting for the decision on 09/05 and hopefully things will start to move forward.
If the EU are involved i.e. finance, I doubt they would work with China or Russia because of the 'tensions' they have caused internationally.
I partially agree Pauly. Maybe worth considering that Bolivia want this to be a long term economic investment and its success will be dependent on clean lithium extraction. The reason it hasnt happened is cos they are red hot on environmental issues and Clon/next chem partnership offers something unique. Is it scaleable? I don t think Bolivia are expecting this all tomorrow as they want it to be viable LT. This is why we will have conditions and it may be a requirement to work with one of the Chinese or Russian firms in a JV. I think something good is going to happen but hard to say what. By end of year we ll know the trajectory. I have 15-16k in this and tempting to put another 2k in but its getting too much. This will be 0.5-0.7 by next year with a fair wind. If not then i ll leave it for Ghana Phoenix over the next 2-5years!
Franky - I agree. Bolivia will certainly go places for sure. They are on a mission and I have been very impressed with their new president. I read the Bolivian news and what they have set up in a short time is impressive.
However as for Clon I am not so sure. Part of me says if their relationship is so awesome and all that peter o toole history and Dh’s many trip to Bolivia count for anything then finally some real success should be possible.
At the same time people know about the many doubts I have based on their track record and history. If not now then Bolivia will not be slowing down for anybody. Clon must be able to deliver in the timelines set by Bolivia and not the other way round
I personally believe Bolivia will go places. However I think any contract will have a bunch of conditions that will need to be met and that it may take a couple of years to meet whats stipulated in the contract. How that and a fund raise play out I don't know.
I'm with you here Paulie. I'm not convinced they will have success in Bolivia, but at these prices the risk reward is worth a modest punt.
I've been here about 2 years and have averaged down over that time to c. 0.07p. With even a whiff of success we could get back above 0.1p and I'll be a happy to get my money back and let the rest ride for whatever the end game is.
Failure in 4 weeks doesn't spell the end though. There's future projects to win after the initial 7 locations, so they can string us along for a little while longer if needs be.
I hear you. Ilwhen I invested 6 or 7 years ago it seemed like a long term investment. Now I don’t think it is. We should know in 4 weeks whether the company is successful. If it isn’t then it’s practically finished. They can talk all they want about Ghana but for me if they don’t crack Bolivia after 20 years then they are truly utterly hopeless.
Yes some mature experienced investors will only put in what they can afford. There are others like me who went above and beyond what they can afford because at that time I had some much belief in DH and the company. So much so we used to have regular email communication. 7 year on all his words and cryptic vague emails resulted in absolutely nothing.
This is his final chance
Pauly its a microstock and investors will lose what they can afford on it. Its rather irrelevant what the SP does unless you like gawking at the paper value endlessly. This is a long term bet worth multiples or nothing and everyone gets that so this sort of drift south is of no consequence or interest. A nice buying opportunity for those who want to to take a punt which is what it is.
I hear you riseandshine but the problem is how long can this go. People talk about averaging down but that involves buying at dips and selling at highs.
Over the next 4 weeks before any news, how low can this share really go? Some people need a few thousand percent rise just to breakeven.
Next stop sub 0.03p, just give it a few days....
I am wondering just how low this can go without any good news…..
Awesome!
‘Good progress’ was being made in Ghana according to DH.
‘Excellent relationships’ with the Ghanaian government was developed according to DH.
Where is Ghana now?
Nothing is certain. Not long to wait